Reports surfaced Friday that newly public Roku had acquired the Netherlands-based audio company Dynastrom back in September for $3.5 million.
CEO Anthony Wood confirmed the deal in an interview with Cheddar on Friday.
While the executive did not disclose whether any special projects will emerge from the deal, he said that audio is at the core of Roku’s business.
“We are always looking for ways to build out our team, especially with consumer expertise,” Wood said. He adds that Roku’s business model is very simple and shared three strategies for success.
“We want to acquire active accounts, we want to build scale of our platform, and we aspire to power every TV in the world,” he told Cheddar. “The way we make money is that we monetize those active accounts.”
It's been a big week for Roku. The streaming services company smashed its first earnings report since going public. Revenues rose 40 percent to nearly $125 million in its latest quarter, compared to estimates of $110 million. It also posted a much smaller loss than analysts expected at just ten cents a share. It was estimated to lose $1.37.
“Our business is great," Wood said. "The whole world is looking to streaming.”
The Tony Awards on Sunday lured 4.85 million viewers to CBS, its largest broadcast audience in six years. CBS says Monday that Nielsen data shows the telecast — hosted by “Wicked” star Cynthia Erivo — scored a 38% increase over last year’s 3.53 million viewers. That’s the largest audience for the Tonys since 2019, when the telecast that year nabbed 5.4 million viewers and “Hadestown” was crowned best new musical. The latest version also had to compete with the second game of the NBA Finals, between the Thunder and Pacers,
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.
The leaders of a sex-focused women’s wellness company that promoted “orgasmic meditation” have been convicted of federal forced labor charges.
Cords keep getting cut, so Warner Bros. plans to split streaming and cable into two publicly traded entities.
Six weeks before UnitedHealthcare CEO Brian Thompson was gunned down outside a Manhattan hotel last December, Luigi Mangione mused about rebelling against “the deadly, greed fueled health insurance cartel” and expressed that killing the executive “conveys a greedy bastard that had it coming."
Shaquille O’Neal and Allen Iverson once clashed on the court in the 2001 NBA Finals, but now the basketball legends are joining forces to revive the Reebok brand they helped make iconic.
